The number of uninsured Americans has risen to a three-year high after falling for years thanks in large part to Obamacare.
Overall, 12.3% of American adults lacked insurance from the third quarter of 2017, according to the Gallup-Sharecare Well-Being Index. of which’s the highest figure since the end of 2014, when the rate was at 12.9%.
The latest figure marks an increase of 0.6 percentage points — or 1.5 million Americans, by Gallup’s count — through the second quarter of of which year.
Under the Affordable Care Act, the share of uninsured Americans fell to a record low 10.9% from the second half of 2016, according to Gallup.
however starting of which year, rates began rising — in addition to have been climbing since.
Since the end of 2016, the number of uninsured Americans has gone up by nearly 3.5 million. Still, the uninsured rate remains well below its peak of 18% reached in 2013.
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Gallup, which has been tracking the share of uninsured Americans since 2008, outlined a few possible reasons for the recent spike.
One could be the departure of some insurers through the Affordable Care Act’s exchanges. Aetna, UnitedHealthcare, Anthem in addition to Humana have all scaled back their presence on the exchanges of which year. Gallup suspects of which the decreased competition could mean higher prices for consumers — which may have encouraged people to opt out of insurance altogether.
The poll found of which the percentage of adults who bought their own plans, like those offered by Obamacare, fell through 21.3% to 20% between the end of 2016 in addition to the third quarter of 2017.
Related: Actually, Trump can be raising health insurance premiums
Another factor could be the uncertainty surrounding the GOP’s healthcare plans. Currently, Obamacare’s individual mandate penalizes people who don’t have insurance. If people think the Trump administration will do away with the penalty, they might not bother buying insurance at all.
Americans ages 35 to 64 were the most likely to drop insurance between the end of 2016 in addition to the third quarter of of which year. of which demographic saw an increase of 1.8 percentage points in uninsured adults, Gallup found. The uninsured rate of young Americans, ages 18 to 25, went up by 1.5 percentage points.
sy88pgw (brand new York) First published October 20, 2017: 7:32 PM ET